SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s widening gap between retirement and pension eligibility is fueling structural imbalances in middle-aged employment, with Seoul turning to data-driven policymaking to address the challenge. According to a new survey of 10,000 job seekers and 450 companies released by the Seoul Metropolitan Government and the Seoul 50 Plus [...]
SEOUL, Sept. 25 (Korea Bizwire) — A top South Korean presidential aide said Wednesday that a potential currency swap with the United States is an essential safeguard in ongoing trade talks, but not sufficient on its own to resolve the thorny negotiations. Kim Yong-beom, presidential chief of staff for policy, told reporters in New York [...]
NEWYORK, Sept. 24 (Korea Bizwire) — President Lee Jae-myung of South Korea chaired a United Nations Security Council debate on artificial intelligence and international security on Wednesday, marking the first time a South Korean leader has presided over an open council session. The event reflected Seoul’s rotating presidency of the body this month and underscored [...]
SEOUL, Sept. 24 (Korea Bizwire) — A global commission on the military use of artificial intelligence (AI) has called for legally binding agreements to ensure decisions to use nuclear weapons remain under human control, not AI systems, as part of responsible military AI integration. The Responsible AI in the Military Domain (REAIM) Global Commission, a [...]
NEW YORK, Sept. 24 (Korea Bizwire) – President Lee Jae-myung told U.S. Treasury Secretary Scott Bessent that he expects ongoing trade negotiations with Washington to advance in a way that reflects the interests of both countries and rests on “commercial rationality.” The two met in New York on the sidelines of the U.N. General Assembly, [...]
SEOUL, Sept. 24 (Korea Bizwire) — Pastor Son Hyun-bo of Busan’s Saegero Church, a central figure in South Korea’s far-right Christian movement, faces a bail review this week following his arrest earlier this month on charges of violating election laws. While conservative leaders and evangelical groups denounce his detention as “religious persecution,” the sweeping mobilizations [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean regulators said Tuesday they had broken up a sophisticated stock manipulation scheme involving some of the country’s wealthiest business operators and financial insiders, in what is being billed as the first major case under President Lee Jae-myung’s new crackdown on market abuses. The Financial Services Commission, the [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea is revisiting an ambitious plan to transform a small island into a showcase of renewable power, seeking lessons from past failures as the government doubles down on clean energy to meet surging demand from carbon neutrality goals and AI-powered data centers. The Ministry of Environment said this [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea is preparing to abolish a decades-old system that requires family members to act as legal guardians for psychiatric patients, a move hailed by advocates as a long-awaited step toward strengthening state responsibility for mental health care. According to officials and welfare experts on Sunday, the draft of the [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s largest companies are showing a stronger preference for so-called “experienced freshmen,” or new hires with prior work experience, according to a survey released Sunday by the Korea Economic Research Institute (FKI). The survey, conducted among 121 of the country’s top 500 firms by revenue, found that 28.1 [...]